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Down Payment Assistance Programs — State-by-State Guide
Every U.S. state runs a Housing Finance Agency (HFA) offering down payment assistance — grants, forgivable loans, deferred second mortgages, and matched savings — to help eligible buyers cover the down payment and closing costs on a primary residence.
Down payment assistance programs provide grants or second-lien loans that help cover down payment and closing costs, most often through state housing finance agencies and local governments. Eligibility usually depends on income limits, purchase price limits, occupancy, and homebuyer education. Terms differ widely by program, and availability changes without notice.
- ✓DPA is administered by state HFAs, counties, cities, nonprofits, and some lenders — not the federal government directly.
- ✓Four common structures: outright grant, forgivable second mortgage, deferred/silent second mortgage, and matched savings (IDA).
- ✓DPA layers on top of an FHA, VA, USDA, or conventional first mortgage — you still need a first-mortgage approval.
- ✓Most programs require a mid-FICO of 620+, income at or below the area median income (AMI), and a HUD-approved homebuyer education course.
- ✓HFA first mortgages sometimes price slightly above market to fund the DPA — always compare the full package against a standalone loan.
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Simply Approved Mortgages Team
Licensed Loan Officers · NMLS# 2620881
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Not a loan application, rate lock, or commitment to lend. Binding figures appear on your Loan Estimate.
What is a down payment assistance program?
A down payment assistance (DPA) program is a grant, loan, or matched-savings benefit that helps an eligible homebuyer cover the down payment and often part of the closing costs on a primary residence. Programs are usually administered at the state, county, or city level through a Housing Finance Agency (HFA), with additional options from nonprofits, employers, and a handful of banks and lenders. There are thousands of DPA programs across the U.S. — HUD maintains a state-by-state directory at hud.gov/states.
Assistance amounts vary widely. Some programs offer a flat grant (for example, a few thousand dollars toward closing costs), while others fund a second-lien loan sized as a percentage of the purchase price — commonly 3%–5%, and in some cases enough to cover the entire minimum down payment on an FHA or conventional first mortgage.
Am I a good candidate for down payment assistance?
DPA is designed for buyers whose income and savings would otherwise delay homeownership. Before you apply, work through this readiness checklist with a Simply Approved Mortgages Loan Officer:
- Is this a primary residence? Nearly all DPA programs require owner-occupancy — no investment properties, no second homes.
- Is my income at or below the program's AMI limit? Most HFA DPA caps sit between 80% and 140% of the area median income depending on the program and county.
- Do I have a stable two-year employment history? HFA loans still follow standard mortgage underwriting for income and job stability.
- Is my credit in DPA range? Most programs start at a 620–640 mid-FICO, with the strongest pricing at 680+.
- Am I willing to complete homebuyer education? A HUD-approved course is required by most HFAs and adds real value regardless.
- Do I plan to stay in the home? Forgivable loans typically require a 5–10 year occupancy period; leaving early can trigger repayment.
How does down payment assistance actually work?
DPA is not a standalone loan — it is a companion benefit that layers on top of your first mortgage. In a typical transaction, you get an FHA, VA, USDA, or conventional first mortgage through an HFA-participating lender, and the DPA is disbursed at closing as either a grant credited on the settlement statement, a subordinate second lien recorded on the property, or a matched deposit from an IDA sponsor. The DPA structure controls whether — and when — you ever repay it.
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What types of down payment assistance are available?
Grants — do I ever have to repay a DPA grant?
A grant is a one-time cash contribution that never has to be repaid, as long as you meet the program's basic conditions. Grants can be applied to the down payment, closing costs, or both, depending on the program's rules.
Forgivable second mortgages — how does forgiveness work?
Technically a second lien, a forgivable loan is functionally a grant that vests over time. Portions of the balance are forgiven each year you occupy the home as your primary residence — commonly across a 3-, 5-, or 10-year term — until it reaches zero. If you sell, refinance, or move out before the forgiveness period ends, you repay the unforgiven balance, often prorated.
Deferred / silent second mortgages — when do I repay?
A deferred (often called "silent") second usually charges 0% interest and requires no monthly payment. The full balance becomes due when you sell the home, refinance the first mortgage, or pay it off — whichever comes first. This structure keeps your monthly housing cost identical to a borrower without DPA.
Low-interest amortizing second mortgages
Some programs structure DPA as a fully amortizing second mortgage with a below-market rate and a short 10–20 year term. You make a small monthly payment on top of your first mortgage until the DPA is paid off.
Beyond state HFA programs, several lenders offer their own repayable DPA seconds paired with an FHA first mortgage — typically sized at 3.5% or 5%, with the 5% tier on the repayable structure, amortized over 10 years, available on FHA 203(b) purchases and on 203(k) renovation purchases. These are purchase-only, primary-residence-only programs, availability varies by state, and the second-lien payment is included in your qualifying ratios. Ask a Simply Approved Mortgages Loan Officer which assistance structures are available for your state and scenario.
Matched savings (Individual Development Accounts / IDAs)
An IDA is a special savings account where every dollar you save toward a down payment is matched by a nonprofit, employer, or public partner — often 1:1, 2:1, or higher. IDAs come with strict income caps, employment requirements, and financial-literacy training, but produce a meaningful down payment without a second lien.
Lender-sponsored DPA and Fannie Mae / Freddie Mac programs
A handful of large banks and lenders operate their own DPA grants for eligible ZIP codes. Fannie Mae's HomeReady First program offers up to a $2,500 credit toward down payment and closing costs for very-low-income first-time buyers in eligible areas, and Freddie Mac's Home Possible / BorrowSmart Access program pairs similarly. Lender-sponsored programs usually require that you get your first mortgage through that lender, so compare the full APR against an independent HFA + DPA package before committing.
The Simply Approved Mortgages DPA program
In addition to state HFA, county, and municipal DPA, Simply Approved Mortgages offers a lender-side Down Payment Assistance program for eligible FHA purchase borrowers. It stacks a second lien on top of an FHA 203(b) first mortgage. Because it is not an HFA program, it has no household income cap and no first-time homebuyer requirement, which helps middle-income and repeat buyers who do not fit standard HFA overlays.
- Assistance amount: 3.5% or 5% (the 5% tier is offered on the repayable structure only).
- Repayable second: fully amortizing 10-year term at a fixed rate 2.00% above the first-mortgage rate. The payment counts in your qualifying ratios.
- Forgivable second: 30-year term at 0% with no monthly payment, forgivable at your request after 36 consecutive on-time payments on the first mortgage.
- Solar-paired second: 10-year term at 0% with no monthly payment; may be forgiven at your request once the program's forgiveness conditions are met.
- First mortgage: 30-year fixed FHA 203(b), purchase only, primary residence, at least one occupying borrower.
- Units: 1–2 units on the repayable and forgivable structures; 1–4 units on the solar-paired structure, where condos are not eligible.
- Minimum credit score: 600 lowest middle score (620 minimum on manufactured homes).
- DTI: per AUS. If payment shock exceeds 225%, front-end DTI is capped at 36%. Payment shock must be 225% or less when the file is manually underwritten or scored with a FICO of 620 or below.
- Verification of rent: a complete 12-month VOR is required on manual underwrites and on AUS approvals under 620; borrowers living rent-free under 620 provide a letter of explanation.
- Income limits: none, though files above 160% of area median income take a pricing adjustment.
- Minimum borrower contribution: $0.
- Cash back: limited to a refund of documented earnest money and documented third-party costs you already paid.
Program details worth knowing before you plan around it: gifts, grants, and additional subordinate liens can be layered on top; non-occupant co-borrowers are limited to family members and only occupying-borrower income counts toward AMI tests; manual underwriting is allowed but non-traditional or no-credit files are not; temporary buydowns are not currently accepted; Section 8 vouchers are not accepted; a soft-pull or undisclosed-debt-monitoring credit refresh is required within 10 days of closing; and the second lien cannot be subordinated in a refinance during the first 36 months.
Manufactured home DPA (New Foundations)
A separate FHA assistance track exists specifically for manufactured homes, funded in part with federal dollars and therefore carrying stricter eligibility:
- Assistance: 3.5% of the first mortgage as a repayable 20-year amortizing second at a fixed rate 1.00% below the first-mortgage rate.
- Income: household income at or below 80% of area median income, verified by the program.
- Property: FHA 203(b) manufactured homes, 1–2 units, primary residence. Site-built homes are not eligible on this track.
- Credit: 620 minimum lowest middle score.
- Home price: the purchase price may not exceed 95% of the median price for comparable properties in the area.
- Legal status: U.S. citizens, lawful permanent residents, and qualified non-citizens with lawful presence and valid work authorization, verified through the federal SAVE system before funding.
- Layering: total assistance from all sources cannot exceed your actual down payment, allowable closing costs, and prepaids, and duplication of benefits from other federal programs for the same purpose is not allowed. Other federal assistance must be disclosed and may reduce the DPA.
- Not available in New York. Alaska and South Carolina carry a $5,000 minimum assistance amount.
Check where pricing sits before you decide
Review current rate context, then start a request so your own credit, income, and property details drive the numbers. Illustrative only — not a quote or commitment to lend.
Seller-financed path to an FHA loan (Earned Equity)
A different structure exists for buyers who are not yet loan-ready: a governmental entity purchases the home the buyer selects, the buyer occupies and controls it under a long-term purchase agreement or homeownership agreement, and later finances it with an FHA 30-year fixed first mortgage plus a required 1% soft second that carries no payment and no interest and is forgiven in 10 years. The seller-financing agreement is a separate relationship with the governmental entity and is not part of the FHA loan.
- Property: 1–2 units, primary residence, purchase only. Manufactured (not single-wide) and modular allowed; FHA-approved condos allowed including spot approval. Co-ops, 3+ units, second homes, and investment properties are not eligible.
- Credit: 580 minimum with at least one tradeline showing 12 months of history; alternative tradelines may be considered. Below 580 or no score is exception-only with strong compensating factors.
- Housing history: 12 months documented, 0x30 on a mortgage; rent can be verified by VOR, private-landlord VOR, or documented Venmo/Zelle/PayPal and cash-payment evidence.
- DTI: up to 50/60 with exceptions considered on compensating factors.
- Down payment: minimum 3.5%, documented; gift funds are allowed for funds to close but gifts of equity are not.
- Income: wage, self-employed (tax returns, P&L, or a three-month bank-statement average with the program expense ratio), asset depletion over 120 months, and 75% of appraiser-assessed market rent on the vacant unit of a 2-unit.
- Credit events: Chapter 7 or 13 must be discharged by closing (Chapter 13 filed within 12 months requires 12 months of payments); foreclosure, deed-in-lieu, or short sale within one year of closing is not eligible.
- Legal status: U.S. citizens, lawful permanent residents, and non-permanent residents with an ITIN and documented ability to repay; DACA eligible.
- Property condition: full FHA appraisal, condition C1–C4 (C5 exception-only), AVM support within 10% of appraised value, and a full inspection on homes built in or before 1978 or rated C4–C5, with major health and safety items repaired before closing.
Availability and restrictions vary by state and program, and program terms change. Subject to credit, underwriting, and property approval. Simply Approved Mortgages LLC, NMLS# 2620881 — Equal Housing Opportunity. We are not affiliated with HUD, FHA, VA, USDA, or the U.S. government. All figures illustrative — not a quote, lock, offer, or commitment to lend. Final terms appear on your Loan Estimate. Check my eligibility with a Simply Approved Mortgages Loan Officer.
Eligibility requirements for down payment assistance
Requirements vary by program, but most HFA and municipal DPA programs share the same core underwriting rules. Confirm current terms directly with the administering agency before you rely on them — program rules, income limits, and funding availability change frequently.
First-time homebuyer status
Many DPA programs are limited to first-time homebuyers, which under HUD is generally defined as anyone who has not owned a primary residence in the previous three years. Some HFAs waive the first-time requirement in designated "targeted areas" or for qualified veterans and teachers.
Primary residence, owner-occupied only
DPA cannot be used for a second home, vacation home, investment property, or short-term rental. You must occupy the home as your primary residence — typically within 60 days of closing.
Area median income (AMI) limits
Most DPA programs cap qualifying household income at a percentage of the county AMI — commonly 80%, 100%, 120%, or 140% depending on the program. You can look up your county's AMI using Fannie Mae's AMI Lookup Tool or Freddie Mac's Area Median Income Tool.
Credit score and DTI
Most HFA DPA programs require a mid-FICO of 620–640 or higher, and a debt-to-income (DTI) ratio at or below 45%. Best pricing and program access typically appear at 680+ FICO with DTI under 43%.
First-mortgage approval with an HFA-participating lender
DPA layers on top of an FHA, VA, USDA, or conventional first mortgage. You must qualify for that first mortgage under standard agency guidelines, and the loan must be originated by a lender approved by the HFA.
HUD-approved homebuyer education course
Nearly every DPA program requires completion of a HUD-approved homebuyer education course before closing. The course typically takes 6–8 hours and can be completed online or in person through a HUD-approved housing counseling agency.
Property type and price limits
Eligible property types generally include single-family homes, condominiums, townhomes, and 2–4 unit properties (owner-occupied), depending on the program. Many HFAs also cap the maximum purchase price by county.
Borrower contribution and reserves
Some programs require you to contribute a minimum amount of your own funds (often $500–$1,000) toward the transaction. Reserves are usually not required at HFA-DPA levels, but the first-mortgage program (FHA, USDA, VA, or conventional) may set its own reserve rule.
How much down payment assistance can I actually get?
Assistance sizes fall into a few common patterns:
- Flat-dollar grants: commonly $2,500–$15,000 toward down payment and closing costs.
- Percentage-based second liens: typically 3%–5% of the purchase price, which can cover the full 3.5% FHA minimum down payment or the 3%–5% conventional minimum.
- Larger city / county stacks: some metro-area programs stack multiple sources for $25,000+ in total assistance.
- Matched savings (IDA): match ratios of 1:1 to 8:1 on a capped savings amount, producing several thousand dollars in matched funds.
Get a written summary of your options
Tell us the scenario you are working on and a Simply Approved Mortgages Loan Officer reviews it against real program guidelines, with no obligation.
Which first mortgage should I pair with DPA?
DPA is compatible with every major first-mortgage program — the right pairing depends on your credit, income, and property type. Talk to a Simply Approved Mortgages Loan Officer to run the numbers side-by-side.
| First mortgage | Typical DPA pairing | Best fit |
|---|---|---|
| FHA | HFA grant or forgivable second covering the 3.5% minimum down payment and part of closing costs | Buyers with FICO 620–680 and moderate savings |
| Conventional (HomeReady / Home Possible) | HFA grant or silent second covering the 3% minimum down payment | Buyers with FICO 680+ and income ≤ 80% AMI |
| VA | Closing-cost grant (VA already requires 0% down) | Eligible veterans and active-duty service members |
| USDA | Closing-cost grant (USDA already requires 0% down) | Buyers in USDA-eligible rural / suburban areas |
| ITIN | Program-specific — DPA availability limited; some state HFAs allow ITIN | Buyers without a Social Security number |
How do I find down payment assistance in my state?
- Start with your state's Housing Finance Agency. Search "[state name] housing finance agency" or visit NCSHA's HFA directory for a state-by-state list.
- Check your county and city housing offices. Many municipalities layer their own DPA on top of the state HFA — HUD lists local programs at hud.gov/states.
- Talk to a Simply Approved Mortgages Loan Officer. We are approved with multiple state HFAs and can price your file against DPA-stacked and standalone options in the same conversation.
- Use a public DPA lookup tool. The private Down Payment Resource tool at downpaymentresource.com is a fast way to see what's available at your address and income level. HUD's approved housing counseling agencies can also walk you through options.
- Ask your employer. A growing number of employers offer employer-assisted housing (EAH) grants, especially in healthcare, education, and public safety.
How much of your down payment can DPA actually cover?
The answer depends on the first-mortgage type and the DPA structure. As of {lastUpdatedLabel('/down-payment-assistance-usa')}:
- FHA + 3.5% DPA second: can produce an effectively zero-out-of-pocket down payment, with the buyer still contributing to closing costs (or covering them with a grant).
- Conventional 97 + 3% DPA: covers the full conventional minimum down payment for eligible income-qualified buyers.
- VA / USDA + closing-cost grant: zero down on the first mortgage, with the grant covering appraisal, title, and prepaid escrow items.
Illustrative only. Program availability, funding, income limits, and forgiveness terms change frequently and vary by county. Not a quote, lock, offer, or commitment to lend. Simply Approved Mortgages LLC (NMLS# 2620881) is not affiliated with HUD, VA, USDA, Fannie Mae, or Freddie Mac.
Ready to put this into a real file?
Start your request and a Simply Approved Mortgages Loan Officer follows up within one business day with next steps and a document checklist.
What are the pros and cons of using down payment assistance?
DPA can be the difference between renting for another five years and closing on a home this year — but every program has tradeoffs. The most common surprises we see: (1) the HFA first-mortgage rate is slightly above the standalone market rate because the spread funds the DPA, (2) a forgivable second becomes fully repayable if you refinance before the term ends, and (3) certain occupancy or resale restrictions can affect your ability to sell quickly.
How do I actually apply for down payment assistance?
- Pull your credit and clean up disputes. Use MyITINCredit.com to see all three bureaus before applying.
- Get pre-qualified with a Simply Approved Mortgages Loan Officer. We identify which HFA and municipal DPA programs match your income, county, and property type.
- Complete a HUD-approved homebuyer education course. Most take 6–8 hours online.
- Shop for a home within program limits. Stay within the HFA's maximum purchase price for your county.
- Submit the DPA reservation with your first mortgage application. DPA funds are usually reserved on a first-come basis; delays can cost you the allocation.
- Sign the DPA subordination or affidavit at closing. The DPA lien or grant terms are recorded alongside your first mortgage.
Down payment assistance vs. saving longer — which is better?
Waiting to save a 20% down payment sounds conservative, but it has real costs: continued rent payments, missed home-price appreciation, and delayed equity accumulation. DPA is not free money — forgivable and silent seconds create real liens and future repayment triggers — but for many first-time buyers, entering the market three to five years earlier with a modest DPA package builds more long-term wealth than waiting to hit 20% down. Run the math with a Simply Approved Mortgages Loan Officer before you decide.
Sources: HUD state directory; NCSHA state HFA list; Fannie Mae HomeReady First & Area Median Income Lookup Tool; Freddie Mac Home Possible / BorrowSmart Access & AMI Tool; OCC IDA fact sheet; CFPB "Owning a Home." Rates, forgiveness terms, and funding availability are illustrative and change frequently. Individual results vary. Not a quote, lock, offer, or commitment to lend.
Qualifications & requirements
DPA qualifications: what you actually need to qualify
| Requirement | Typical standard | Notes |
|---|---|---|
| Minimum credit score | 620–640 mid-FICO | Most HFA DPA programs start at 620–640; best pricing and expanded program access at 680+. |
| Debt-to-income (DTI) | 45% or lower | Standard HFA ceiling; some programs allow up to 50% with strong compensating factors on Fannie Mae DU. |
| Income limit | 80%–140% AMI | Varies by program and county. Check Fannie Mae or Freddie Mac AMI lookup tools. |
| Occupancy | Primary residence only | Owner-occupied within 60 days of closing. No second homes, investment properties, or short-term rentals. |
| Homebuyer education | HUD-approved course required | Typically 6–8 hours online or in person through a HUD-approved counseling agency. |
| First-time buyer status | Usually required | Defined as no ownership of a primary residence in the past 3 years; often waived in targeted areas or for veterans/teachers. |
| Borrower contribution | Often $500–$1,000 minimum | Some programs require the buyer to contribute a nominal amount of their own funds. |
| Property type | SFR, condo, townhome, 2–4 unit owner-occupied | Subject to program and county maximum purchase price limits. |
Sources: HUD state homebuying directory; NCSHA HFA list; Fannie Mae HomeReady First; Freddie Mac Home Possible / BorrowSmart Access; CFPB "Owning a Home." Program terms vary and change frequently.
What down payment assistance can be used for
Cover part or all of the down payment on an FHA, VA, USDA, or conventional first mortgage.
Pay closing costs, prepaid escrows, and title fees at settlement.
Stack multiple sources (state + city + employer) when program rules allow.
Combine with a matched-savings IDA to grow a larger effective down payment.
Buy a primary residence in a targeted revitalization area with expanded DPA availability.
Bridge the gap for a first-time buyer in a high-cost county via a percentage-based second lien.
Down payment assistance pros & cons — honest tradeoffs
Pros — Down payment assistance pros & cons
- +Buy years earlier than you could by saving a 20% down payment on your own.
- +Grants and forgivable seconds never require repayment if you meet the occupancy terms.
- +Compatible with FHA, VA, USDA, and conventional first mortgages.
- +Homebuyer education is genuinely valuable — not just a checkbox.
- +Silent seconds keep your monthly payment identical to a borrower without DPA.
Cons / watch-outs — Down payment assistance pros & cons
- −HFA first-mortgage rates sometimes price slightly above the standalone market rate.
- −Forgivable seconds can become fully repayable if you refinance or move early.
- −Income limits (AMI caps) exclude middle- and upper-income buyers.
- −Funding is limited and reserved first-come, first-served — programs run out.
- −Extra paperwork and homebuyer education can add 1–3 weeks to the timeline.
- −Some programs restrict property types or place maximum purchase price caps.
See what your file actually qualifies for
Share a few details and a Simply Approved Mortgages Loan Officer reviews credit, income, and equity, then follows up with the structures that fit. Educational only until you receive a Loan Estimate.
Not a loan application, rate lock, or commitment to lend. Binding figures appear on your Loan Estimate.
Compare loan officer compensation on your mortgage quote
Loan officer compensation is part of the cost of a mortgage. On eligible residential loans, Simply Approved Mortgages generally uses 1.5% lender-paid compensation. Enter the compensation shown on another lender's Loan Estimate to see the difference in dollars.
Compensation difference on this illustration: $3,750.
How lower compensation can help you
When less compensation is built into pricing, there can be room for a lower interest rate, which may lower your monthly payment.
Depending on the rate you choose, pricing can sometimes include a lender credit toward third-party closing costs, so you may bring less cash to closing.
A lower rate means a lower monthly payment, which can lower your debt-to-income ratio and may help you qualify for more home on the same income.
As a mortgage broker we compare pricing from wholesale lenders instead of offering a single bank’s retail pricing.
Tip: On page 2 of your Loan Estimate, look at Section A, "Origination Charges." If the lender pays the loan officer, that compensation usually does not appear there as its own line; it is built into the interest rate. That is why comparing the rate and any lender credits side by side matters.
Already have a Loan Estimate from another bank or broker? Share it with a Simply Approved Mortgages Loan Officer, who will compare the rate, fees and credits side by side with options we can arrange. No cost to request a review.
Illustration only — not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate. Lender-paid compensation is paid by the lender, not directly by you, and is part of the loan's pricing, so the loan is not free of costs. A lower compensation figure does not by itself guarantee a lower rate or lower closing costs; individual results vary by credit, loan type, property and market conditions. Residential lending in FL and CO only. Simply Approved Mortgages LLC · NMLS #2620881 · Equal Housing Opportunity.
Worked example
How down payment assistance actually works — a full example
A first-time buyer in Colorado wants to purchase a $400,000 single-family home. Household income is $85,000 (roughly 100% of Denver-area AMI), mid-FICO is 700, and available savings are $8,000 — not enough for a full 3.5% FHA down payment plus closing costs on their own.
Inputs
- Purchase price
- $400,000
- First mortgage type
- FHA 30-year fixed
- Illustrative rate
- 6.875%
- Down payment (3.5% minimum)
- $14,000
- Estimated closing costs
- ≈ $9,000
- Buyer savings available
- $8,000
Calculation
- 1DPA second lien (4% of price, silent second)$16,000
- 2Applied to down payment$14,000
- 3Applied to closing costs$2,000
- 4Remaining closing costs paid by buyer≈ $7,000
- 5Buyer's own funds at closing≈ $7,000 (from $8,000 savings)
- 6Monthly P&I (FHA @ 6.875%, $386,000)≈ $2,536/mo
Illustrative only — not a quote, lock, offer, or commitment to lend. Binding figures appear on your Loan Estimate.
Simply Approved Mortgages DPA
DPA amount calculator & eligibility checker
Estimate your Simply Approved Mortgages Down Payment Assistance at 3.5% or 5% of the lesser of purchase price or appraised value, and see the 10-year repayable second-lien structure layered on top of a 30-year fixed FHA first mortgage. Then check whether you meet the core program rules.
Amount calculator
- Lesser of price or appraisal
- $400,000
- Estimated DPA at 3.5%
- $14,000
- 2nd-lien term
- 10-year fixed, repayable
- 2nd-lien rate (illustrative)
- 8.500% (1st rate + 2%)
- Estimated 2nd-lien monthly P&I
- $174/mo
Illustrative only — not a quote, lock, offer, or commitment to lend. Actual assistance, rate, and payment depend on the final loan amount, your credit profile, appraisal, and program guidelines in effect at closing. Binding figures appear only on your Loan Estimate and Closing Disclosure.
Eligibility checker
Do you have documentable, qualifying income (W-2, self-employment, retirement, etc.)?
Are you willing to complete an approved homebuyer education course before closing?
Is the property located in NY, WA, the U.S. Virgin Islands, Guam, the Northern Mariana Islands, or American Samoa?
Answer each question above to see your preliminary eligibility result.
This is a preliminary self-check, not an underwriting decision or a credit decision. It does not pull your credit and is not a quote, lock, offer, or commitment to lend. Program rules, fees, costs, terms, and conditions are subject to change without notice. Simply Approved Mortgages is not affiliated with HUD, FHA, the VA, USDA, FHFA, CHFA, FHFC, metroDPA, or any government agency. Equal Housing Opportunity. NMLS# 2620881.
Next steps
Emailing your Down payment assistance calculator scenario opens our secure request form so a Simply Approved Mortgages Loan Officer can review those numbers. Estimates are illustrative and are not a quote, lock, offer, or commitment to lend.
DPA Program Finder
Search down payment assistance programs
Filter by state, keyword, sponsor, or first-mortgage program. Results are educational only — every card links back to the administering agency's own site so you can verify current terms, income caps, and funding availability. Not an offer of credit.
63 programs found
Simply Approved Mortgages In-House DPA
Up to 5% of the lesser of purchase price or appraised value, structured as a repayable 10-year fixed second mortgage on a qualifying primary residence. Layers with FHA 203(b) or FHA 203(k) purchase first mortgages only. The second lien is priced at the first-mortgage rate + 2.00% and is fully amortizing — not a grant and not forgivable. Layered DPA affects final rate and MI; your Simply Approved Mortgages Loan Officer will show a side-by-side comparison before you commit.
Program terms subject to lender overlays, investor guidelines, and property eligibility. Not available in NY, WA, the U.S. Virgin Islands, Guam, the Northern Mariana Islands, or American Samoa. Not a commitment to lend.
CHFA FirstStep
Colorado Housing and Finance Authority first-time buyer program with a 30-year fixed FHA mortgage. Pairs with CHFA DPA Grant (up to 3% of first-mortgage amount) or CHFA Second Mortgage Loan (up to 4% of first-mortgage amount, 0% deferred). Income and purchase-price limits vary by county.
CHFA Preferred (Conventional)
CHFA's HFA Preferred conventional (Fannie Mae) product with reduced MI and CHFA DPA Grant or Second Mortgage Loan of up to 3–4% of the first mortgage. Available to first-time and non-first-time buyers subject to CHFA income limits.
metroDPA (Denver-area)
City and County of Denver's metroDPA offers a forgivable grant of up to 5% of the loan amount for buyers of primary residences in the Denver-metro region. Layers with FHA, VA, USDA, or Conventional first mortgages. Income limits apply.
City of Colorado Springs LASSO / HBA
Colorado Springs Homebuyer Assistance provides a 0% deferred-payment second mortgage of up to $25,000 for qualified low- to moderate-income first-time buyers purchasing inside city limits. Repaid at sale or refinance.
Florida Hometown Heroes
Florida Housing program for eligible frontline workers (educators, first responders, healthcare, active military, and other qualifying professions) offering up to 5% of the first-mortgage amount, capped at $35,000, as a 0%, non-amortizing second mortgage. First-time buyer required and buyer must be employed full-time by a Florida-based employer.
Florida Assist Second Mortgage (FL Assist)
Florida Housing FL Assist offers up to $10,000 as a 0%, non-amortizing, deferred second mortgage that becomes due upon sale, refinance, transfer, or when the first mortgage is satisfied. Pairs with FL Housing first-mortgage programs (FHA, VA, USDA, Conventional).
Homebuyer Loan Program (HLP) — Florida
Florida Housing HLP provides up to $10,000 at 3% interest as a fully amortizing 15-year second mortgage layered with a Florida Housing first mortgage. First-time buyer requirement and monthly payment underwritten in DTI.
Miami-Dade County Infill Housing / DPA
Miami-Dade County Public Housing and Community Development offers deferred second-mortgage DPA up to $28,500 for income-qualified first-time buyers purchasing inside county limits. Loan is forgiven proportionally over 30 years of continuous owner-occupancy.
Orange County (Orlando) Down Payment Assistance
Orange County Housing & Community Development offers up to $60,000 for income-qualified buyers of homes inside Orange County (excludes Orlando city limits which have their own program). Provided as a 0%, deferred, forgivable second mortgage.
City of Jacksonville Head Start to Homeownership (HAP)
The City of Jacksonville Head Start to Homeownership Program provides up to $10,000 as a 0% forgivable second mortgage over 10 years for first-time buyers purchasing inside Duval County limits.
FHLBank Atlanta Homeownership Set-Aside (AHP)
Affordable Housing Program set-aside funds for income-eligible Florida buyers, available only through lenders that are FHLBank Atlanta members. Funds may be structured as a grant or as secondary financing layered with an FHA first mortgage; household income generally must be at or below 80% of area median income, and each year’s funding allocation is limited. Grant structures use a recorded retention agreement (a deed restriction, not a lien); lien structures are underwritten as second mortgages.
Grant OR second lien — FHLBank Atlanta and the member lender that holds the allocation set the structure. Per HUD Handbook 4000.1 (Update 18), either structure is acceptable with FHA financing; if the funds create a lien they are treated as secondary financing, not a gift — even if no payments are required or the balance is forgiven over time.
Set-aside funds are available only through FHLBank Atlanta member institutions, and annual allocations are limited. Simply Approved Mortgages LLC is not an FHLBank member and does not administer these funds — this entry is educational so you can compare it against options we offer. Not affiliated with the FHLBank system, FHFA, or HUD.
FHLBank Topeka Homeownership Set-Aside (AHP)
Affordable Housing Program set-aside funds for income-eligible Colorado buyers, available only through lenders that are FHLBank Topeka members. Funds may be structured as a grant or as secondary financing layered with an FHA first mortgage; household income generally must be at or below 80% of area median income, and each year’s funding allocation is limited. Grant structures use a recorded retention agreement (a deed restriction, not a lien); lien structures are underwritten as second mortgages.
Grant OR second lien — FHLBank Topeka and the member lender that holds the allocation set the structure. Per HUD Handbook 4000.1 (Update 18), either structure is acceptable with FHA financing; if the funds create a lien they are treated as secondary financing, not a gift — even if no payments are required or the balance is forgiven over time.
Set-aside funds are available only through FHLBank Topeka member institutions, and annual allocations are limited. Simply Approved Mortgages LLC is not an FHLBank member and does not administer these funds — this entry is educational so you can compare it against options we offer. Not affiliated with the FHLBank system, FHFA, or HUD.
Mortgage Credit Certificate (MCC)
IRS Mortgage Credit Certificate program administered by state and local HFAs. Converts up to 20–30% of your annual mortgage interest into a dollar-for-dollar federal income tax credit for the life of the loan. Not DPA cash — a lifetime tax benefit. Must be a first-time buyer (or in a targeted area) and stay in the home as your primary residence.
Alabama Housing Finance Authority — Step Up
AHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in AL. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the AHFA site before you rely on them.
Alaska Housing Finance Corporation — First Home Limited
AHFC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in AK. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the AHFC site before you rely on them.
Arizona IDA — Home Plus
AZIDA · Home Plus pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in AZ. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the AZIDA · Home Plus site before you rely on them.
ADFA Move-Up + Down Payment Assistance
ADFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in AR. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the ADFA site before you rely on them.
CalHFA MyHome Assistance / Dream For All
CalHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in CA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the CalHFA site before you rely on them.
Connecticut Housing Finance Authority (CHFA) DAP
CHFA CT pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in CT. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the CHFA CT site before you rely on them.
Delaware State Housing Authority — Welcome Home
DSHA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in DE. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the DSHA site before you rely on them.
DC Home Purchase Assistance Program (HPAP)
DC DHCD · HPAP pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in DC. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the DC DHCD · HPAP site before you rely on them.
Georgia Dream Homeownership Program
Georgia Dream pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in GA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the Georgia Dream site before you rely on them.
Hawaii HHFDC Mortgage Credit Certificate
HHFDC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in HI. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the HHFDC site before you rely on them.
Idaho Housing (IHFA) — Second Mortgage / Grant
IHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in ID. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the IHFA site before you rely on them.
IHDA Access Forgivable / Deferred / Repayable
IHDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in IL. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the IHDA site before you rely on them.
IHCDA Next Home / First Place
IHCDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in IN. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the IHCDA site before you rely on them.
Iowa Finance Authority FirstHome + Grant
IFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in IA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the IFA site before you rely on them.
Kansas Housing Resources Corp First Time Homebuyer
KHRC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in KS. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the KHRC site before you rely on them.
Kentucky Housing Corporation Regular DAP / Affordable DAP
KHC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in KY. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the KHC site before you rely on them.
Louisiana Housing Corporation — MRB / Market Rate GNMA
LHC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in LA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the LHC site before you rely on them.
MaineHousing First Home Loan + Advantage
MaineHousing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in ME. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MaineHousing site before you rely on them.
Maryland Mortgage Program (MMP) — Flex 5000 / Partner Match
MMP pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MD. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MMP site before you rely on them.
MassHousing DPA up to $30,000
MassHousing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MassHousing site before you rely on them.
MSHDA MI Home Loan + DPA
MSHDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MI. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MSHDA site before you rely on them.
Minnesota Housing Start Up / Step Up + Monthly Payment Loan
Minnesota Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MN. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the Minnesota Housing site before you rely on them.
Mississippi Home Corporation — Smart6 / Smart Solution
MS Home Corp pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MS. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MS Home Corp site before you rely on them.
MHDC First Place / Next Step
MHDC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MO. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MHDC site before you rely on them.
Montana Housing Regular Bond + DPA
Montana Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in MT. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the Montana Housing site before you rely on them.
NIFA Homebuyer Assistance (HBA)
NIFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NE. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the NIFA site before you rely on them.
New Hampshire Housing Home Flex Plus
NH Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NH. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the NH Housing site before you rely on them.
NJHMFA First-Time Homebuyer + DPA ($15,000)
NJHMFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NJ. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the NJHMFA site before you rely on them.
MFA Housing NM FirstHome + FirstDown
MFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NM. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the MFA site before you rely on them.
SONYMA Achieving the Dream / Low Interest Rate + DPAL
SONYMA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NY. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the SONYMA site before you rely on them.
NCHFA NC Home Advantage / NC 1st Home Advantage DPA
NCHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in NC. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the NCHFA site before you rely on them.
North Dakota Housing Finance Agency FirstHome
NDHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in ND. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the NDHFA site before you rely on them.
OHFA Your Choice! Down Payment Assistance
OHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in OH. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the OHFA site before you rely on them.
Oklahoma Housing Finance Agency (OHFA) Homebuyer Down Payment
OHFA OK pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in OK. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the OHFA OK site before you rely on them.
Oregon Housing & Community Services — Oregon Bond RateAdvantage
OHCS pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in OR. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the OHCS site before you rely on them.
PHFA Keystone Home Loan + Keystone Advantage Assistance
PHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in PA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the PHFA site before you rely on them.
RIHousing FirstHomes / Extra Assistance
RIHousing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in RI. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the RIHousing site before you rely on them.
SC Housing Homebuyer + Palmetto Home Advantage
SC Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in SC. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the SC Housing site before you rely on them.
SD Housing First-Time Homebuyer + Fixed Rate Plus
SD Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in SD. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the SD Housing site before you rely on them.
THDA Great Choice + Great Choice Plus DPA
THDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in TN. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the THDA site before you rely on them.
TSAHC Home Sweet Texas / Homes for Texas Heroes
TSAHC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in TX. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the TSAHC site before you rely on them.
TDHCA My First Texas Home / My Choice Texas Home
TDHCA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in TX. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the TDHCA site before you rely on them.
Utah Housing Corporation FirstHome + Score / Home Again
Utah Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in UT. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the Utah Housing site before you rely on them.
VHFA MOVE Program + ASSIST
VHFA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in VT. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the VHFA site before you rely on them.
Virginia Housing DPA Grant + Closing Cost Assistance
Virginia Housing pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in VA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the Virginia Housing site before you rely on them.
WSHFC Home Advantage + Opportunity DPA
WSHFC pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in WA. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the WSHFC site before you rely on them.
WVHDF Homeownership Program + Movin' Up
WVHDF pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in WV. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the WVHDF site before you rely on them.
WHEDA Advantage + Easy Close DPA
WHEDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in WI. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the WHEDA site before you rely on them.
Wyoming Community Development Authority Standard + HFA Preferred
WCDA pairs its own first mortgage with down-payment and closing-cost assistance for eligible primary-residence buyers in WY. Depending on the loan option you choose, the assistance is structured as a grant, a forgivable second lien, or a 0% deferred second. Income, purchase-price, and credit limits vary by county and by program tier, so confirm current terms on the WCDA site before you rely on them.
Educational tool only. Program terms, income caps, funding availability, and eligible property types change frequently and vary by county. This list is not exhaustive — many counties, cities, employers, and non-profits offer additional DPA. Simply Approved Mortgages LLC (NMLS# 2620881) is not affiliated with, endorsed by, or sponsored by HUD, FHA, VA, USDA, or any state Housing Finance Agency. Verify all program details directly with the administering agency before you apply. Not a quote, lock, offer, or commitment to lend.
Next steps
Emailing your Down payment assistance finder scenario opens our secure request form so a Simply Approved Mortgages Loan Officer can review those numbers. Estimates are illustrative and are not a quote, lock, offer, or commitment to lend.
Assumptions, methodology, and limitations
Assistance estimates apply the program structures you select to the purchase price and down payment you enter.
Program funding, income limits, purchase-price caps, and repayment terms are set by each housing agency and change frequently; verify current terms with the agency before relying on any figure.
Results are illustrative estimates only and are not a quote, lock, offer, or commitment to lend. No rate, APR, or program approval is implied. Binding figures appear on your Loan Estimate. Eligibility, terms, and availability vary by borrower, property, lender, loan program, and state.
Talk through your scenario today
A Simply Approved Mortgages Loan Officer can confirm which of these paths actually fits your credit, income, and property. Educational only, no obligation.
Today's rates
Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.Real rates — your scenario, not a guess
Today's rate options below refresh twice each business day from our wholesale pricing engine; run your own scenario in the pricing tool. National survey averages below give you market context — they're not Simply Approved's pricing.
Our live pricing engine
See your real rate — for your scenario, in our pricing tool
Pull live, scenario-specific pricing from our wholesale pricing engine. Your binding rate and APR are confirmed on your Loan Estimate after a quick file review.
See My Live Rate →Pricing snapshot
Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.Today's Mortgage Rate Options at a Glance
Four real options from today's wholesale pricing for one documented sample scenario per program — no form needed. Updated twice each business day, about 10 AM and 2 PM Eastern. Your own rate depends on your credit, down payment, property, state and lock date.
National market context
Freddie Mac PMMS — weekly U.S. averages
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PMMS figures shown above are Freddie Mac's national survey averages, published weekly by Freddie Mac (PMMS_history.csv) — they are not Simply Approved Mortgages' rates, not a quote, not a lock, and not an offer or commitment to lend. Your actual rate, APR, and payment depend on credit profile, loan program, occupancy, LTV, DTI, property type, lock period, and current market pricing at the time of lock. Your binding figures appear on your Loan Estimate. Simply Approved Mortgages LLC · NMLS# 2620881 · Equal Housing Opportunity.
Purchase market update
What buyers should know this month
30-Yr Fixed · national avg
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15-Yr Fixed · national avg
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2026 buying power
Conforming baseline: $832,750
FHA floor / ceiling: $541,287 – $1,249,125
HUD income limits
Area Median Income (AMI) reference — HUD USER data
HUD publishes AMI thresholds each year. These are the numbers Fannie Mae HomeReady, Freddie Mac Home Possible, USDA, and most state DPA programs use to decide who qualifies for reduced-MI or below-market pricing. If your income sits under the county AMI band, we can often steer you into a lower-cost program.
2026 HUD Income Limits · Area Median Income (AMI)
Do you qualify for down-payment or low-income mortgage programs?
Many affordability programs — HomeReady, Home Possible, most state and local down-payment assistance, USDA, and HUD Section 8 — use HUD's published Area Median Income (AMI) to set eligibility. Compare your household income to the AMI for your area below. Figures are the 4-person household values published by HUD for 2026.
HomeReady and Home Possible cap qualifying income at 80% of AMI for most census tracts. USDA Guaranteed uses moderate-income limits (typically 115% of AMI, published separately). Down-payment assistance programs vary by state and program. Values above are HUD's published 2026 4-person figures; household-size adjustments apply. Not a commitment to lend; eligibility is confirmed at underwriting. Source: HUD USER Income Limits 2026 .
State HFA is the anchor
Every state runs a Housing Finance Agency with at least one DPA program — start there.
Layer sources when allowed
Many buyers stack state HFA + city/county + employer or nonprofit assistance.
AMI limits matter
Most programs cap income at 80%–140% of your county AMI — check before you shop.
Education is required
A HUD-approved homebuyer education course is required by almost every DPA program.
Funding is first-come
DPA allocations run out. Reserve funds as early in the process as possible.
Compare the full package
HFA first-mortgage rates can be higher — compare total cost, not just rate.
Document Checklist for Down Payment Assistance
Gathering these documents up front helps your Simply Approved Mortgages Loan Officer issue a stronger pre-approval and move Down Payment Assistance to Clear-to-Close faster. Actual items required vary by scenario — your loan officer will confirm the final list.
Only the income documents that apply to you are shown. Switch tabs if you have multiple income sources — your loan officer will confirm which apply.
W-2 / Employed Income
- ✓Most recent 30 days of paystubs (all borrowers, all jobs)
- ✓W-2s for the last 2 years (all employers)
- ✓Two-year employment history with employer names, addresses, and dates
- ✓Verification of Employment — written (WVOE) or electronic (EVOE through a third-party payroll service); your loan officer orders it with your signed authorization
- ✓Employment reverification within 10 days before closing — verbal or electronic, required on every file
- ✓Bonus / commission / overtime: 2-year history if used to qualify
- ✓Recent job change: offer letter and first paystub after start date
- ✓Retirees / fixed income: Social Security award letter, pension statements, 1099-R
Assets & Reserves
- ✓Most recent 2 months of bank statements (all pages)
- ✓Most recent quarterly statement for retirement / brokerage / 401(k)
- ✓Gift funds: signed gift letter + donor bank statement + transfer proof
- ✓Large deposit letters of explanation with source documentation
Identity & Residency
- ✓Government-issued photo ID (driver's license or passport)
- ✓Social Security card or ITIN letter
- ✓Two years of residency history with addresses
Credit & Liabilities
- ✓Written credit report authorization
- ✓Letter of explanation for any late payments, collections, or inquiries
- ✓Bankruptcy discharge papers or foreclosure documentation (if applicable)
- ✓Child support / alimony order (if paying or receiving)
- ✓Divorce decree / separation agreement (only if applicable)
Property & Purchase
- ✓Fully executed purchase contract with all addenda
- ✓Earnest money deposit receipt + source of funds
- ✓Homeowners insurance quote (binder before closing)
- ✓HOA / condo questionnaire and dues statement (if applicable)
FHA-Specific Documentation
- ✓FHA case number assignment (ordered by your loan officer)
- ✓CAIVRS clearance authorization
- ✓For DPA: down payment assistance program application + subordination docs
- ✓For non-occupying co-borrower: proof of relationship
- ✓For manufactured home: HUD tags, foundation certification, land title
Educational checklist only. Not a commitment to lend and not a complete list of conditions. Documentation requirements are governed by agency guidelines (Fannie Mae Selling Guide, FHA Handbook 4000.1 incl. Update 18 (August 12, 2026), VA Lender's Handbook, USDA HB-1-3555) and individual investor overlays. Your Simply Approved Mortgages Loan Officer will provide your specific document list based on your scenario.
Credit Reports and Credit Monitoring for Down Payment Assistance
Credit is one of the four underwriting buckets every lender reviews — and one of the few you can actively improve before you apply. Monitoring your credit throughout the process helps you catch errors, fraud, and score changes early, which protects your approval timeline and your rate.
Ordering Credit for Your Pre-Approval File
Once you sign your loan application (Form 1003) and disclosures, your Simply Approved Mortgages Loan Officer orders a tri-merge residential mortgage credit report (RMCR) from Equifax, Experian, and TransUnion. This is a hard inquiry, but FICO's model treats mortgage inquiries within a 45-day window as a single event, so shopping lenders during that window will not stack on your score.
- What we need from you: signed borrower authorization, government-issued photo ID, Social Security number (or ITIN), and current address.
- What the report shows underwriters: middle FICO score, open tradelines, minimum payments, late history, collections, public records, and recent inquiries.
- How long it's valid: 120 days for conventional loans and for FHA/VA/USDA (HUD guidelines, VA Lender's Handbook Ch. 4). Older reports must be re-pulled before closing.
- Rapid rescore: if a legitimate error is on your report, we can request a rapid rescore in 3–7 business days after you supply documentation from the creditor.
This link redirects to our third-party credit vendor's payment portal. You pay the report fee directly so we can pull your tri-merge credit report for your pre-approval file. A credit pull is required for underwriting; this is not a commitment to lend.
Review and Monitor Your Credit at MyITINCredit.com
Before we pull your file, review and monitor your credit at MyITINCredit.com. Their $1 promotional trial gives you tri-bureau visibility plus ongoing credit monitoring so you can catch changes, disputes, or new accounts as they appear — not after they've already delayed your loan.
- Verify accuracy: confirm names, addresses, SSN/ITIN, and every open account belong to you.
- Dispute errors: the Fair Credit Reporting Act gives you the right to dispute inaccurate items directly with the bureau — no charge.
- Address collections and charge-offs: a settled or paid collection can be documented in advance so it does not stall underwriting.
- Pay down utilization: credit-card balances reported below 30% of the limit typically produce the strongest scores.
- Avoid new credit: do not open new cards, finance a car, or co-sign for anyone from now through closing.
- Monitor continuously: credit monitoring alerts you to new inquiries, balance changes, and potential identity theft while your loan is in process.
MyITINCredit.com is a service operated by Simply Approved Corporation (a DBA of that entity), which is the parent company of Simply Approved Mortgages LLC. Simply Approved Mortgages may receive subscription revenue if you choose to enroll. Credit monitoring through MyITINCredit.com is optional and is not required to apply for or obtain a mortgage with us. Promotional pricing, trial terms, and monitoring features are set by MyITINCredit.com and subject to change.
Why credit monitoring matters during a mortgage — A single new collection, missed payment, or unauthorized inquiry can change your qualifying score or trigger additional underwriting conditions. Typical minimum scores* — Conventional 620, FHA 580 (3.5% down) or 500 (10% down), VA no HUD minimum (most lenders 580–620), USDA typically 640, Jumbo 680–740, Doctor Mortgage 680–700+, Non-QM/DSCR varies by program, ITIN 620–680 alternative credit. Investor and lender overlays apply; individual results vary. Not a commitment to lend.
Cost and payment tools
Run your payment, affordability, closing cost and refinance numbers
Monthly payment, affordability, closing costs, refinance break-even and early payoff, all on one screen. This page is not written for one state, so property tax, insurance and transfer or recording charges start at neutral placeholder assumptions rather than published averages — Transfer, documentary-stamp and recording charges are set by your state and county — enter your own figure, or open the state page for a sourced seed. Insurance and tax assumptions vary widely by state, county and property, so replace these starting values with quotes for your address. Every figure is an illustrative estimate, not a quote, lock, offer, approval, or commitment to lend.
Your inputs
Estimated result
- Down payment
- $20,000
- Loan amount
- $380,000
- Principal & interest
- $2,402
- Property tax
- $333/mo
- Homeowners insurance
- $167/mo
- Estimated total monthly
- $2,902/mo
Reference sources: Tax Foundation — property taxes paid as a percentage of owner-occupied housing value, NAIC — Homeowners Insurance Report, CFPB — Understanding your Loan Estimate.
Assumptions, methodology, and limitations
Principal and interest use the standard amortization formula on the loan amount you enter. This page does not target a single state, so the property tax and insurance fields start at neutral placeholder assumptions rather than published averages — replace them with figures for your own address, or open the matching state page for sourced seeds. Closing costs apply your state's transfer / documentary-stamp practice (0.00% of price used as the buyer-side seed) plus typical title, recording, appraisal, credit and prepaid escrow lines. Refinance break-even divides your entered costs by the monthly payment difference. Early payoff runs a month-by-month amortization with your extra principal.
These tools do not include mortgage insurance, funding or guarantee fees, HOA special assessments, flood or windstorm premiums, seller credits, lender credits, discount points, or county and municipal charges specific to your parcel. Statewide averages will not match any individual property. Figures are estimates only.
Illustrative only. Binding figures appear on your Loan Estimate, and terms vary by borrower, property, lender, program, and state.
Turn these estimates into real numbers
Send your scenario to a Simply Approved Mortgages Loan Officer and get a written summary back, or compare where rates sit today. Educational only — not a quote, lock, offer, approval, or commitment to lend.
Down payment assistance FAQs — questions buyers ask most
Answers to the most common down payment assistance — questions buyers ask most questions, written by licensed loan officers.
Questions answered? Start your file
A Simply Approved Mortgages Loan Officer confirms eligibility, documents, and loan structure before anything is submitted to a lender. Educational only until you receive a Loan Estimate.
Not a loan application, rate lock, or commitment to lend. Binding figures appear on your Loan Estimate.
Ask SAM anything about dpa
SAM is the Simply Approved Mortgages AI assistant. It answers general questions using the reviewed guides published on this site and links you to the primary government source. It is educational only — it does not quote a rate, payment, APR, approval or commitment to lend. A Simply Approved Mortgages Loan Officer reviews every scenario before any terms are confirmed.
Hi, I'm SAM — an AI assistant for Simply Approved Mortgages. I can explain loan programs, closing costs, DTI, down payments and which calculator or guide to use. I'm not a licensed loan officer, and nothing here is a quote, approval or commitment to lend.
Ask Sam AI provides general educational information only. It is an automated assistant, may be incomplete or out of date, and does not provide legal, tax or financial advice. Nothing it produces is a rate quote, APR, pre-approval, offer or commitment to lend. Never share a Social Security number, ITIN, date of birth, account number or password in chat. Simply Approved Mortgages LLC (NMLS #2620881) arranges residential mortgage loans in Florida and Colorado. Eligibility, terms, conditions and availability vary by borrower, property, lender, loan program and state, and all loans are subject to lender underwriting and approval. Equal Housing Opportunity.
Trusted government resources
These independent government resources can help you research mortgage programs, rates, and your rights before you apply.
HUD
HUD — State information & local homebuying programs
HUD
HUD — Approved housing counseling agencies
CFPB
CFPB — Owning a home: shopping for a mortgage
FHFA
FHFA — State Housing Finance Agency (HFA) programs
Simply Approved Mortgages is not affiliated with HUD, the CFPB, the FTC, the VA, or any other government agency. Links are provided for your independent verification.
How this page connects
Where this fits in the buying a home library
This page sits inside our Buying a home coverage.
What most readers open next
- The purchase mortgage guideBecause the full path from pre-approval to closing.
- Getting pre-approvedBecause listing agents ask for it before they take an offer seriously.
- What closing costs coverBecause the second number every buyer underestimates.
- The down payment estimatorBecause to compare low-down-payment structures side by side.
Explore the full guide
Keep reading — the rest of the buying playbook
Each of these is a deep-dive on one piece of the purchase mortgage process. Bookmark whichever you need next.
Guide
First-time home buyer guide
How DPA fits into a first-time buyer strategy.
Read the guide →Guide
FHA loans
The most common first mortgage paired with DPA.
Read the guide →Guide
Conventional loans (HomeReady / Home Possible)
Low down payment conventional programs that pair with DPA.
Read the guide →Guide
VA loans
Zero-down first mortgage that pairs with closing-cost DPA.
Read the guide →Guide
USDA loans
Zero-down rural / suburban loan that pairs with DPA.
Read the guide →Guide
Buying in Florida
Florida Housing programs stacked on our purchase workflow.
Read the guide →Guide
Buying in Colorado
CHFA overlays for Colorado buyers.
Read the guide →Guide
Affordability calculator
See what DPA does to your monthly payment.
Read the guide →Guide
Document checklist
What you will need to apply for DPA + a first mortgage.
Read the guide →Internal library
Related mortgage guides across our library
Follow the next relevant guide for your scenario.
Purchase mortgages
Buying a home
Start My Approval
Complete this short request and a Simply Approved Mortgages Loan Officer will personally review your scenario. The form only asks what your program actually needs. Submitting it is not an application for credit and is not a commitment to lend.
What are you looking to do?
Pick one — the form adapts.Pick a loan type
Programs for buying a home.Conventional loan — 3–20% down · 620+ FICO
Tell us about your scenario
The form below is tailored to Conventional loan — only the questions and documents your program needs.
Simply Approved Mortgages LLC is licensed to arrange residential mortgage loans in Florida and Colorado only. We ask first so we never collect a mortgage inquiry we are not licensed to act on.
Purchase price and down payment help us size the conforming loan.
A range is enough here — no credit report is pulled and your credit is not affected.
Illustrative estimate only — not a quote, rate lock, offer of credit, or commitment to lend.
Submitting this form is not an application for credit and is not a commitment to lend. No credit report is pulled at this step.
Follow our reporting
Add Simply Approved Mortgages as a preferred source on Google
We update our dpa guidance as HUD, FHFA, VA, USDA and CFPB publish new figures. If you want our updates to show up more often when you search Google, you can mark us as a preferred source from the Top Stories carousel:
- 1Sign in to your Google account and search a mortgage topic such as "mortgage rates".
- 2Select the icon next to "Top stories" to open the preferred sources panel.
- 3Search for Simply Approved Mortgages, tick the box, and save.
Preferred sources is a Google Search feature controlled entirely by you and by Google. Simply Approved Mortgages LLC (NMLS #2620881) does not control search results and makes no representation about how or whether our content will appear. Educational content only — not a quote, lock, offer, or commitment to lend.
Simplify Your Mortgage Journey with These Resources
Talk To A Loan Officer
A Simply Approved Mortgages Loan Officer will personally connect with you to walk through your options.
Mortgage insights & guides
Plain-language articles to help you understand the home loan process, save on closing costs, and make confident decisions.
7 things every first-time homebuyer should know before applying
From credit prep to down payment assistance, here’s how to walk into your first mortgage application with confidence.
Using your VA loan benefit: a step-by-step guide
Eligibility, the Certificate of Eligibility, funding fees, and how to maximize zero-down purchasing power.
Where your closing costs actually go (and where you can save)
A line-by-line breakdown of the Loan Estimate and the fees that are negotiable versus fixed.
Equal Housing OpportunityMortgage Broker — Not a LenderNMLS ID# 2620881NMLS Consumer AccessFlorida Mortgage Broker License #MBR7685Colorado Mortgage Company RegistrationLicensing & Disclosures
Simply Approved Mortgages LLC | NMLS #2620881
Florida Branch Office (Miami, FL) | Branch NMLS #2688012
Florida Mortgage Broker License #MBR7685 | Colorado Mortgage Company Registration
Business Phone: (877) 813-7219
Equal Housing Opportunity
Broker identification. Simply Approved Mortgages LLC is a mortgage broker and is not a direct lender. We arrange residential mortgage loans with third-party wholesale lenders and do not make the lender's final credit decision or fund the loan. We arrange residential mortgage loans in Florida and Colorado. Business-purpose mortgage products may be arranged in additional states only where permitted by applicable law and pursuant to applicable licensing requirements or exemptions.
Credit and program terms. All loans are subject to lender credit approval, underwriting, acceptable appraisal or valuation when required, title review, insurance, and supporting documentation. Eligibility, programs, rates, APRs, points, lender credits, fees, payments, terms, loan amounts, down-payment requirements, mortgage insurance, and availability may vary based on borrower, property, occupancy, credit profile, loan-to-value ratio, debt-to-income ratio, lender, loan program, and state and may change without notice. Not all applicants, properties, products, or programs will qualify or be available in every state. Nothing on this site constitutes a loan approval, rate lock, offer, commitment to lend, guarantee of approval, or guarantee of terms or closing.
Rates, payments and calculators. Rates, APRs, payments, down payments, loan amounts, home values, estimated equity, savings, affordability estimates, closing costs, and other calculator or scenario results displayed on this site are estimates or illustrations unless expressly stated otherwise. Actual loan terms may differ. Taxes, homeowners insurance, mortgage insurance, association dues, lender charges, broker compensation, discount points, third-party charges, and other costs may apply. Advertised rates, payments, APRs, down payments, and other credit terms are subject to the assumptions and disclosures presented with the applicable advertisement. Applicable loan terms and disclosures will be provided as required for the particular transaction.
Mortgage products. FHA, VA, USDA, conventional, jumbo, non-QM, HELOC, reverse mortgage, down-payment-assistance, investment-property, DSCR, and other mortgage products referenced on this site are subject to their individual eligibility, underwriting, property, occupancy, and program requirements. Product availability varies by lender and jurisdiction. References to a mortgage product or program do not constitute a determination that a borrower or property qualifies.
Government-backed programs. Government-backed or government-insured mortgage programs referenced on this site may be subject to requirements established by the applicable government agency in addition to lender requirements. Government insurance or guaranties generally protect participating lenders against certain losses and do not constitute a guarantee of borrower approval.
Business-purpose products. DSCR, investment-property, and other business-purpose mortgage products referenced on this site are intended for qualifying business-purpose transactions. Business-purpose loans may be subject to different requirements and protections than consumer-purpose residential mortgage loans. Borrowers are responsible for accurately disclosing property occupancy and intended use.
Down payment assistance. Down payment or closing-cost assistance programs referenced on this site may be administered by governmental entities, housing finance agencies, nonprofit organizations, lenders, or other third parties. Program availability, funding, assistance amounts, eligibility requirements, repayment or forgiveness provisions, and other terms vary and may change or become unavailable without notice. Listing or referencing a program does not guarantee funding, eligibility, or mortgage approval.
Government affiliation. Simply Approved Mortgages LLC is not a government agency and is not affiliated with, acting on behalf of, sponsored by, or endorsed by HUD, FHA, VA, USDA, or any other federal, state, or local government agency. References to government agencies, programs, benefits, data, forms, or resources are provided for informational purposes and do not imply government sponsorship or endorsement of Simply Approved Mortgages LLC.
Fair lending. Equal Housing Opportunity. Simply Approved Mortgages LLC conducts business in accordance with applicable federal and state fair-housing and equal-credit-opportunity laws and does not discriminate on any prohibited basis.
No professional advice. Content on this site is educational and general in nature and is not legal, tax, accounting, financial, investment, estate-planning, or individualized government-benefits advice. Consumers should consult appropriate qualified professionals regarding their individual circumstances.
Third-party content. References or links to government agencies, lenders, assistance programs, products, services, or other third-party websites are provided for informational purposes or convenience. Simply Approved Mortgages LLC does not control and is not responsible for third-party content, availability, accuracy, or privacy practices.
NMLS Consumer Access: Verify Simply Approved Mortgages LLC, NMLS #2620881.
Simply Approved Mortgages LLC, 633 W 5th St, Ste 2600, Los Angeles, CA 90071 · 877-813-7219 · support@simplyapprovedmortgages.com. State licensing details available at the NMLS Consumer Access link above. © 2026 Simply Approved Mortgages LLC.